What is Closed-Loop Supply Chain?
In a closed-loop supply chain, businesses reuse their production waste to create new products. This is a sustainable way to preserve resources and save energy.
Waste-reduction strategies and optimum use of available resources are key to the successful implementation of a closed-loop approach, which enables manufacturers to better use end-of-life (EOL) products and eliminate waste. Learn more about GEP’s supply chain management services and supply chain software solutions.